Background

Mr. John Washington Rogers Jr., serves as the Chairman, Chief Executive Officer, Chief Investment Officer and Portfolio Manager at Ariel Investments, LLC. Mr. Rogers founded Ariel Capital Management in 1983. He serves as Portfolio Manager of Ariel Investment Trust - Ariel Appreciation Fund and Ariel Investment Trust - Ariel Fund. He was a Founder, Chairman, Chief Executive Officer, Chief Investment Officer and Portfolio Manager at EQ Advisors Trust - EQ/Ariel Appreciation ... II Portfolio. Mr. Rogers served as Portfolio Manager of Ariel Investment Trust - Ariel Focus Fund, Great-West Funds, Inc. - Great-West Ariel Mid Cap Value Fund and PACE Select Advisors Trust - PACE Small/Medium Co Value Equity Investments. Mr. Rogers served at William Blair & Company in Chicago, where he refined the value-oriented investment philosophy. He serves as the Chairman of the Board of Trustees at University of Chicago Laboratory School. He served as Chairman of Ariel Investment Trust - Ariel Appreciation Fund. He has been a Director at McDonald's Corp. since 2003. He has been an Independent Director of Exelon Corporation since October 20, 2000. He serves as Lead Director of US Health, Inc. He serves as a Member of the Board of Governors at Investment Company Institute. He serves as a Director at After School Matters, Inc., Rush University and Ariel Investments, LLC. In addition, he is a Member of Advisory Board at SB Partners. Mr. Rogers has been Lead Director of New Fitness Holding Co., Inc. since January 2006 and its Director since April 2003. He serves as Trustee of Rush University Medical Center. He serves as a Director of the Chicago Urban League, a Trustee of The University of Chicago, and as a Board Member of the John S. and James L. Knight Foundation, Inc. He served as Director of Aon plc from 1993 to May 2012 and Bank One Corporation since 1998. He served as a Director of Unicom Corp., and ComEd since 1999. He served as Director of Bally Sports Clubs, Inc. and Bally Fitness Franchising, Inc. He served as Director of various funds in the fund complex of Bally funds. He served as a Director of Gatx Corp. since 1998, First Chicago NBD Corp. since February 1998 and Commonwealth Edison Company from November 28, 2005 to May 10, 2010. He served as Bally Total Fitness Holding Corp. from 2003 to November 16, 2006 and its Lead Independent Director from January 2006 to November 16, 2006. He served as Trustee of Ariel Investment Trust - Ariel Focus Fund. Mr. Rogers is the former President of the Board of the Chicago Park District, a former Director of the National Association of Securities Dealers, and former Trustee of Princeton University. He is a recipient of the B.F. Bunn Trophy. Mr. Rogers is a regular financial contributor to Forbes Magazine. He holds an AB in Economics from Princeton University in 1980.

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